Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    906 Business 83 McAllen, TX 78501

    • Warehouses
    • 2,500 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 906 Business 83

    Property size
    2,500 SF
    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional 2,500-square-foot warehouse, located at 906 E. Business 83 in McAllen, Texas, presents a significant opportunity for businesses seeking efficient and versatile industrial space. The property is classified as both industrial and commercial, offering flexibility for a range of uses. The single-tenant building boasts convenient features including two entrances and two overhead doors, ensuring easy access and efficient loading and unloading. A restroom is also included for employee convenience. Situated in Hidalgo County, with a zip code of 78501, this property offers excellent accessibility and visibility. The building's 2,500 square feet provide ample space for storage, manufacturing, or distribution operations. The property is available for immediate lease, making it an ideal solution for businesses needing quick occupancy. This is a single-tenant building, offering privacy and control over the entire space. The property's location in McAllen, Texas, provides access to a thriving business community and excellent transportation links. Interested parties are encouraged to inquire further to explore the possibilities this warehouse offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    McAllen
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.2322
    Latitude
    26.2188

    Comparable in this City

    • Value Estimation by Request
      1.00 Acres

      4413 Business 83

      Distribution properties • 1.00 Acres
      4413 Business 83, McAllen, TX 78501
      View Details
    • Value Estimation by Request

      1020 Ash Ave

      Distribution properties
      1020 Ash Ave, McAllen, TX 78501
      View Details
    • Value Estimation
      $895,000
      44,928 SF

      1305 Pecan Blvd

      WAREHOUSE, STORAGE • 44,928 SF
      1305 Pecan Blvd, Mcallen, TX 78501-5773
      View Details
    • Value Estimation
      $1,440,000
      46,000 SF

      1201 Jackson Rd

      WAREHOUSE, STORAGE • 46,000 SF
      1201 Jackson Rd, Mcallen, TX 78501-5760
      View Details
    • Value Estimation
      $925,000
      14,400 SF

      3129 Mccoll Rd

      WAREHOUSE, STORAGE • 14,400 SF
      3129 Mccoll Rd, Mcallen, TX 78501-5540
      View Details
    • Value Estimation
      $480,000
      5,800 SF

      520 23rd St

      WAREHOUSE, STORAGE • 5,800 SF
      520 23rd St, Mcallen, TX 78501-7157
      View Details

    Similar Nearby for Sale

    • $550,000
      5,326 SF

      McAllen Warehouse Investment Opportunity

      Historic Downtown McAllen Warehouse - $550,000
      210 16Th St, McAllen, TX 78501
      View Details
    • $13,100,000
      10.02 Acres

      McAllen Industrial Warehouse - $13.1M

      10-Acre Warehouse, Office Space, Texas
      1400 Nolana Ave, McAllen, TX 78501
      View Details
    • $1,500,000

      McAllen Warehouse & Retail Space

      Prime McAllen location, versatile commercial building.
      1020 Ash Ave, McAllen, TX 78501
      View Details
    • $2,000,000
      12,300 SF

      McAllen Commercial Center - 12,300 SF

      Prime McAllen investment opportunity: 7-unit complex.
      111 23Rd St, McAllen, TX 78501
      View Details
    • $659,000
      7,000 SF

      Downtown McAllen Mixed-Use Property

      7,000 SF, Move-In Ready, Prime Location
      312 17Th St, McAllen, TX 78501
      View Details
    • $2,999,160
      24,993 SF

      McAllen Warehouse: Prime Investment

      24,993 SF Warehouse, Excellent Location
      3701 Mccoll Rd, McAllen, TX 78501
      View Details

    Similar Nearby for Lease

    • $1.20 SF/Yr
      10,800 SF

      McAllen Flex Space Available

      Flex space available with overhead door in McAllen, TX.
      1401 E Hackberry Ave, McAllen, TX 78501
      View Details
    • $1.50 SF/Yr
      15,732 SF

      Versatile Flex Space in McAllen

      1,900 SF flex space ideal for warehouse and office use.
      1400 E Jasmine Ave, McAllen, TX 78501
      View Details
    • $16 SF/Yr
      3,000 SF

      McAllen Commercial Land - Highway 83

      Prime McAllen location, 5 acres, high visibility.
      906 Us Highway 83, McAllen, TX 78501
      View Details
    • $18 SF/Yr
      15,184 SF

      McAllen Retail Land Investment Opportunity

      Prime McAllen location, 2.76 acres, 170 parking spaces.
      1001 Jackson Rd, McAllen, TX 78501
      View Details
    • $18 SF/Yr
      2,450 SF

      McAllen Retail Space - 2,450 SF

      High-visibility retail space in prime McAllen location.
      1001 10Th St, McAllen, TX 78501
      View Details
    • $9 SF/Yr
      4,736 SF

      Pecan Street Commercial Land Opportunity

      High-traffic retail land, 16,883 sq ft
      1613 Pecan Ave, McAllen, TX 78501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    906 Business 83
    McAllen, TX 78501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.